AVP Infra partnership firm AVP RMC Inaugurates 3rd RMC Plant in Dharapuram
AVP Infra's AVP RMC inaugurates its third RMC Plant in Dharapuram, expanding operations to meet growing demand across Tamil Nadu, reflecting a cautious market response with AVP Infra's share price showing fluctuations on the day of the announcement.
by Damodharan N
Updated Jul 13, 2024
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AVP Infra, through its partnership firm AVP RMC, has successfully inaugurated its third Ready Mix Concrete (RMC) Plant. Located at Merku Thottam, Oddanchatram road, Koneripatti, Dharapuram TK, Tripur District. Tamil Nadu, the new facility marks a significant expansion for the company in the region.
This plant aims to meet the increasing demand for RMC across Dharapuram, Palani, Oddanchatram, Udumalaipet, and Kangeyam areas of Tamil Nadu. The inauguration on July 12, 2024, underscores AVP Infra's commitment to enhancing its operational footprint and serving its customer base effectively.
Read the full Announcement Here
Market Reaction
Investors responded cautiously to AVP Infra's recent announcement on the National Stock Exchange (NSE). Following the update regarding AVP RMC's inauguration of its third Ready Mix Concrete (RMC) Plant in Dharapuram, AVP Infra's stock (AVPINFRA) showed a mixed market reaction.
On July 12, 2024, the stock opened at ₹135.00, reached a high of ₹137.00, and dipped to a low of ₹133.00 before closing at ₹133.55. This movement reflects the market's assessment of the company's strategic expansion amidst broader economic considerations. We will have to see how the market is going to react on Monday when the market opens.
Get the share value on NSE Here
AVP Infra
AVP Infracon, formerly AVP Constructions (P) Ltd., established in 2009, aims to be a leading infrastructure company in India. With a decade of experience, the company has successfully delivered diverse projects and earned a reputation as a trusted firm in the industry.
Specializing in road construction, highways, bridges, and flyovers, AVP Infracon is committed to contributing significantly to the country's infrastructure development. Their clientele includes prestigious entities such as the Greater Chennai Corporation, NHAI, Tamil Nadu PWD, Tamil Nadu Highways Department, and the Ministry of Road Transport & Highways, reflecting their broad expertise and capability in infrastructure services.
AVP RMC
AVP RMC is a leading supplier of ready mix concrete across South India, renowned for its top-quality products and extensive network. Operating in key cities like Tirupur, Trichy, Coimbatore, Chennai, and Chengalpattu, AVP RMC has solidified its position as a trusted name in the industry.
They are known for delivering superior concrete solutions with a steadfast commitment to quality and competitive pricing. With decades of experience, AVP RMC continues to excel in providing tailored RMC mixes that meet diverse construction needs, ensuring reliability and excellence in every project they undertake.
AVP Infra partnership firm AVP RMC Inaugurates 3rd RMC Plant in Dharapuram - FAQs
1. How does the new plant contribute to AVP Infra's operations?
The plant enhances AVP Infra's operational footprint and strengthens its service capabilities in Tamil Nadu.
2. Where is AVP RMC's new RMC plant located?
AVP RMC's third Ready Mix Concrete (RMC) plant is located at Merku Thottam, Oddanchatram road, Koneripatti, Dharapuram TK, Tripur District, Tamil Nadu.
3. How has the market reacted to the inauguration of the new RMC plant?
Investors showed a cautious response on the National Stock Exchange (NSE) following the announcement.
4. What was AVP Infra's stock price movement on the day of the announcement?
On July 12, 2024, AVP Infra's stock (AVPINFRA) opened at ₹135.00, reached a high of ₹137.00, and closed at ₹133.55.
5. What sectors does AVP Infra specialize in besides ready mix concrete?
AVP Infra specializes in road construction, highways, bridges, and flyovers across India.
6. What are AVP RMC's key strengths as a ready mix concrete supplier?
AVP RMC is known for its top-quality products, extensive network across South India, and commitment to competitive pricing and reliability in project delivery.
7. When was the RMC plant inaugurated?
The RMC plant was inaugurated on July 12, 2024.
8. What is the capacity of the new RMC plant?
The capacity details of the new RMC plant have not been specified in the announcement.
9. Which areas will the new RMC plant serve?
The plant will cater to the demand for RMC in Dharapuram, Palani, Oddanchatram, Udumalaipet, and Kangeyam areas of Tamil Nadu.
10. What is AVP RMC's goal with this new facility?
AVP RMC aims to meet the increasing demand for ready mix concrete in the specified regions.
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